Equity
€68,200 from €2.2m in 2011
Equity fell by 97% in 14 years.
SolarPulse
Part of the group
8 companies in 2 countries
Lifetime
16 annual accounts with figures on one time axispeak €1.4m (2011)
€1.2m▲ 50.4%
lowest -€329,324 (2010)
€367,014▲ 15×
peak €2.2m (2011)
€68,200unchanged
€3.6m▼ 7.3%
Board7 names since 2011
3 directors and 2 others
Owners8 names in the annual accountsall names
99.97%
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Gross margin from €823,481 to €1.2mResult from €24,581 to €367,014Dividend €367,014
Key points
from the 2025 annual accountsResult
€367,014 ▲ 15×
The result rose in 2025: different schema filed.
Turnover
≈ €2.1m estimated
The accounts state no turnover.
Debts
€3.6m 98% of the balance sheet
Financial debts 70%Suppliers 1%Taxes and wages 1%Other 28%
€3.2m of the debts are secured on the company's own assets. In 2023 that was €4.3m.
Filings
16 annual accounts since 2010
The last five annual accounts were filed 24 to 41 days before the end of the period.
Position in the sector
1.9%
Lower solvency than 84% of companies in electricity, gas and steam. Sector median 28.1% · 352 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 536 companies had the same profile as SolarPulse has now. Each dot stands for 2 companies, two years later.
95.9%
were still trading
3.4%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for SolarPulse. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 28-06-2011
Director,
Director, since 18-10-2021
- 99.97%equity €2.7m (2025) · 30-06-2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0818389889
3 directors reappointed
, and · Permanent representative: · General meeting of 10-06-2024 · Gazette deed
Appointment: (director)
General meeting of 07-06-2022 · Gazette deed
Amendment of the articles
General meeting of 05-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SolarPulse Sint-Martens-Latem | €3.7m | €1.2m | 1.9% | - |
| GEO-THERMICS Merelbeke-Melle | €3.9m | €0.8m | 17.0% | 5 |
| Ed. Proj. Phi Heusden-Zolder | €4.0m | €1.2m | 28.1% | - |
| KVNRG Tournai | €3.6m | €1.2m | 21.1% | - |
| GREENTILE Kortrijk | €3.5m | €1.5m | 59.2% | 0 |
| BIOSPACE Gesves | €4.1m | €1.0m | 36.2% | - |
| SolarPulse V Turnhout | €3.5m | €1.0m | 37.6% | - |
These companies have the same main activity as SolarPulse: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €3.5m and €4.1m, founded between 2009 and 2010.
Official details
Source: KBO- Status
- Active since 09-09-2009Normal situation
- Activity
- Production of electricity from non-renewable sourcesNACE 35110
- Establishment unit
- 2.181.073.2099831 Sint-Martens-Latem, since 29-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Annual accounts 2025
- €3.7m▼ 7.2%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to SolarPulse
Parent and group
Insights on SolarPulse
SolarPulse has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,200 and a net result of €367,014.
Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 16% of 352 sector peers (NACE 35, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SolarPulse
- What is the company number of SolarPulse?
- The company number of SolarPulse is 0818.389.889. The VAT number is the same number with BE in front: BE 0818.389.889.
- Where is SolarPulse based?
- The registered office is at Dorpsstraat 40, 9831 Sint-Martens-Latem.Company details
- What does SolarPulse do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of SolarPulse?
- SolarPulse is a public limited company (NV).
- When was SolarPulse founded?
- SolarPulse was founded on 09-09-2009.
- Is SolarPulse still active?
- Yes, SolarPulse is an active enterprise in the KBO register.
- What is the turnover of SolarPulse?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.5m. It is a rough estimate.Financials
- Is SolarPulse profitable?
- In financial year 2025, SolarPulse made a profit of €367,014.
- Where can I find the annual accounts of SolarPulse?
- SolarPulse filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SolarPulse due?
- SolarPulse must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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